secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001558370-23-011895
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pure Cycle Q3 net income $3.3M ($0.14 EPS) vs $0.84M; revenue $6.9M doubles YoY
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- Revenue $6.9M for Q3 (vs $3.2M) on record oil & gas water sales and Sky Ranch Phase 2A/2B lot sales.
- Net income $3.3M ($0.14 diluted EPS) vs $0.84M ($0.03); 17th consecutive profitable quarter.
- Phase 2 lot prices up 40% vs Phase 1; nearly 200 homes started in Phase 2A, 211 lots in Phase 2B begun.
- Single-family rental: 4 homes rented in Phase 1, 10 under construction in Phase 2A (6 completed after quarter end).
- Cash $26.0M; acquired three deep water wells in Lost Creek Basin for $0.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837023011895/0001558370-23-011895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837023011895/pcyo-20230712x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011895

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer